It’s the second time this year that AB-InBev has bought a craft brewer. The latest is Karbach, which is located in Houston and was founded only five years ago. Terms of the deal, which was announced on 3 November 2016, were not disclosed.
Molson Coors, on 1 November 2016, reported a 6.9 percent drop in third quarter volume sales, as demand for its beers in Canada and Europe declined.
DME Brewing Solutions President/CEO, Peter Toombs and Newlands Systems President, Brad McQuhae announced by the end of September the union of two long-standing Craft Beer Equipment Manufacturers: DME Brewing Solutions (DME) and Newlands Systems (NSI). The strategic partnership between these two complementary businesses will allow both entities to fortify their position as global leaders in the craft brewing equipment manufacturing industry.
You don’t need to be paranoid to believe they are after you. This ancient bus-stop graffiti comes to mind when reviewing responses to AB-InBev’s latest US acquisition in the craft beer sector. In October 2016, ZX Ventures, the venture capital arm of AB-InBev acquired Northern Brewer Homebrew Supply and its sister company, Midwest Supplies. The two homebrewing companies generated combined annual sales of USD 50 million, according to Brewbound. No details of the transaction were disclosed.
You’d have thought that the promiscuity of brewers was a thing of the past. But no, it’s having a comeback among craft brewers. Kirin, Japan’s number two brewer, will acquire a stake of 24.5 percent in Brooklyn Brewery for an undisclosed sum, the companies said on 12 October 2016, which will make Carlsberg exceedingly jealous.
In a recent letter to the anti-trust watchdog, the Department of Justice (DOJ), the nearly 200-year-old brewer D.G. Yuengling & Son objects to the terms of the settlement between the DOJ and AB-InBev forged in July 2016, which was a precondition for AB-InBev’s takeover of SABMiller.
The tobacco firm Altria has gained a position as a top shareholder in the newly expanded brewer AB-InBev. It will control a 9.6 percent stake, having held roughly 27 percent of SABMiller previously. Altria was expected to receive around 10.5 percent of the fattened AB-InBev upon the sale.
The Brazilian beer industry has reinforced the distribution channel as a strategy to increase sales, which are under pressure in a declining beer market. The latest bet of AmBev, the largest player in the segment, was the launch of a delivery service of beers to consumers in the cities of São Paulo, Ribeirão Preto, and to the ABC Paulista region, all in the São Paulo state, Brazilian media say.
Americans’ summertime preoccupation with barbecues and beer has again been a boon to Constellation Brands’ top and bottom line. When the number three brewer in the US released its second quarter (ended 31 August) earnings report on 5 October 2016, it revealed that sales and profit were higher than what Wall Street had expected, due in no small part to the strength of its beer segment.
You know that something is very wrong if chocolate Santa Clauses appear in supermarkets in August. Although international trade and advances in farming mean that seasonal food supplies are definitely a thing of the past, there are some traditions that should be upheld, even if only for the sake of tradition.